Monday, May 4, 2026
1 change · saas-19.3
Enhancements to existing features
This update ensures accurate tax calculations for employees with Income from Let-Out Property in India, aligning with local regulations. A 30% standard deduction is now applied to rental income, and a new configuration option allows for future adjustments to this deduction. This improves compliance and reporting accuracy.
Original PR description
Purpose: Ensure correct tax computation for Income from Let-Out Property by applying the standard 30% deduction as per Indian tax regulations. This PR includes: - Applied 30% standard deduction on let-out property during tax input value computation. - Added rule parameter for let-out property deduction to allow future changes via configuration. - Updated tax input values to consider only 70% of the declared rental income for tax calculation. - Added tooltip on let-out property field to clarify that a 30% standard deduction is applied on gross rental income for tax computation. This change aligns the payroll tax computation with Indian income tax rules, Income from Let-Out Property is calculated after deducting the standard maintenance deduction of 30% from the gross annual rental income. task-5848157